| Positions | Today | Yesterday | % Change | |
| Longs | 59% | 54% | 8.47% | |
| Shorts | 41% | 46% | -12.20% | |
| Indicator | 4H | 1D | 1W | |
| MACD (12; 26; 9) | Sell | Sell | Sell | |
| RSI (14) | Buy | Neutral | Neutral | |
| Stochastic (5; 3; 3) | Sell | Neutral | Buy | |
| Alligator (13; 8; 5) | Sell | Sell | Neutral | |
| SAR (0.02; 0.2) | Sell | Sell | Buy | |
| Aggregate | ⇘ | ⇘ | ⇒ | |
Despite attempts to reverse near the weekly S2 at 1.2645 on Wednesday, outside pressures continued affect the US Dollar negatively. Thus, the pair had reached a support cluster formed by the monthly S2 and the weekly S3 by mid-today.
During this time, the pair has been trading in a steep descending channel. Even though the prevailing direction is still tended southwards, the Greenback is gradually approaching the upper boundary of this pattern.
This suggests that an upward breakout might occur next week. This assumption is likewise supported by weekly technical indicators.
In the meantime, the pair might still edge lower during the remaining week, setting the monthly S3 at 1.2495 as a possible target. It is unlikely that the pair falls below this level.